Practice 24 Flashcards
1
Q
Industry 2.0
A
Science Mass Production
1
Q
Industry 1.0
A
mechanical Production
2
Q
Industry 3.0
A
Energy Electronics Telcos (automation, computers, electronics)
3
Q
Industry 4.0
A
Digital Transformation (cyber physical systems, IoT, networks)
4
Q
Industry 4 major trends
A
- big data
- ioT
- smart sensors
- 3d print
- smart home
- AI
5
Q
Industry 4.0 – Design Principles and Goals
A
A. Interconnection
B. Information transparency
C. Technical assistance
D. Decentralized decisions
6
Q
Industry 4.0 - Primary Drivers
A
- Digitalization and integration of vertical and horizontal value chains
- Digitalization of product and services
- Digital business models and customer access
7
Q
Industry 4.0 - traditional Drivers
A
- Availability of Raw Materials and Land
- Low-Cost Labour
- Tariff Incentives and Tax Benefits
8
Q
Industry 4.0 - Cutting-Edge Drivers
A
- Network Connectivity
- Robotics / 3D Printing Capabilities
- Easiness to access capital for R&D
- Availability of Human Resources
9
Q
Industry 4.0 - Potential Benefits for MNE
A
- Increase Productivity
- reduce cost
- Improve Quality Control
- Innovate Faster
10
Q
Industry 4.0 - Challenges in Implementation (ORGANIZATIONAL)
A
- IT security issues
- Reliability and stability needed for critical machine-to-machine communication
- Need to maintain the integrity of production processes
- Need to avoid any IT snag
- Need to protect industrial know-how
- Lack of adequate skill-sets to expedite the transition towards a fourth industrial revolution
- Low top management commitment
- Insufficient qualification of employees
